CORPORATE GOVERNANCE / GOVERNANCE BODIES
Grupo Dia. All about our governance bodies
Board of Directors
This collegiate governing body is responsible for directing and supervising management, representing the company and safeguarding shareholders’ interests, while ensuring compliance with the law. Its main functions are drawing up the annual accounts, making strategic decisions and guiding the company’s management. Operational management is delegated to the Management Board.
The Board of Directors is composed of 10 members (effective composition since February 2026), with 90% independent directors and 60% female representation. These figures exceed the recommendations of the Good Governance Code for listed companies in Spain and reaffirm Dia Group’s position as a company with top-tier corporate governance and a firm commitment to professionalism and diversity in the broadest sense.
Members of the Board of Directors
BENJAMIN J. BABCOCKChairman OF THE BOARD / EXTERNAL PROPRIETARY DIRECTOR
Luisa DelgadoVice Chairperson of the Board and Senior Independent Director / Independent Director
Sergio
DiasMember of the Board / Independent director
DiasMember of the Board / Independent director
Gloria HernándezMEMBER OF THE BOARD / Independent Director
José Wahnon LevyMEMBER OF THE BOARD / INDEPENDENT DIRECTOR
Vicente Trius OlivaMEMBER OF THE BOARD / INDEPENDENT DIRECTOR
Rut
ArandaMember of the Board | Independent Director
ArandaMember of the Board | Independent Director
Paloma
PérezMember of the Board / Independent Director
PérezMember of the Board / Independent Director
Sara
DíezMember of the Board / Independent Director
DíezMember of the Board / Independent Director
MAR
GallardoMember of the Board / Independent Director
GallardoMember of the Board / Independent Director
Board Skills Matrix
As a tool for transparency and continuous improvement, the Board uses a skills matrix to identify and visualize its members’ experience and knowledge in areas such as executive management, strategic direction and business development, culture and talent, as well as retail and food, digitalization, personalization, supply chain, and sustainability. The Board of Directors conducts this analysis as part of a periodic general evaluation of its functioning, quality, and efficiency, with the most recent evaluation taking place in the 2025 fiscal year.
Committees
The Committees are specialized and permanent bodies that support the Board of Directors in specific key areas by providing technical analysis and fundamental recommendations to inform decision-making. The Board has two Committees: the Audit and Compliance Committee, which focuses on financial oversight, internal control and risk management, and the Nomination and Remuneration Committee, which focuses on appointments, remuneration, salary policies and promoting diversity.
Audit and Compliance Committee
Its main function is to oversee the quality and integrity of financial and non-financial information, the effectiveness of internal control and risk management systems, and compliance with regulatory frameworks and the Group’s environmental, social and corporate governance (ESG) policies.
Gloria Hernández CHAIR OF THE AUDIT AND COMPLIANCE COMMITTEE / INDEPENDENT DIRECTOR
José Wahnon LevyMEMBER OF THE AUDIT AND COMPLIANCE COMMITTEE / INDEPENDENT DIRECTOR
Sergio
DiasMember of the Audit and Compliance Committee / Independent director
DiasMember of the Audit and Compliance Committee / Independent director
Sara
Díez Member of the Audit and Compliance Committee / Independent Director
Díez Member of the Audit and Compliance Committee / Independent Director
Mar
GallardoMember of the Audit and Compliance Committee / Independent Director
GallardoMember of the Audit and Compliance Committee / Independent Director
Nomination and Remuneration Committee
Its main function is to advise the Board on the selection, evaluation, and succession of directors and senior management, propose remuneration policies, and ensure consistency between the Group’s culture and strategy.
Luisa
DelgadoChair of the Nomination and Remuneration Committee / Independent Director
DelgadoChair of the Nomination and Remuneration Committee / Independent Director
Vicente Trius Oliva MEMBER OF THE NOMINATION AND REMUNERATION COMMITTEE / INDEPENDENT DIRECTOR
Rut
ArandaMember of the Nomination and Remuneration Committee / Independent Director
ArandaMember of the Nomination and Remuneration Committee / Independent Director
Paloma
Pérez Member of the Nomination and Remuneration Committee / Independent Director
Pérez Member of the Nomination and Remuneration Committee / Independent Director
Management Board
Dia Group’s Management Board is comprised of eight professionals of four different nationalities. United by a clear vision and roadmap, they handle the internal and external challenges required to grow the business and strengthen the company’s relationships within its socio-economic ecosystem. Collectively, the leadership team has solid experience in the retail industry and is focused on making Dia the favourite store for customers in every neighbourhood, both online and in-store.
Management Board Composition
Martín TolcachirCEO DIA GROUP
Ricardo ÁlvarezCEO DIA SPAIN
Agustín
IberoCEO DIA ARGENTINA
IberoCEO DIA ARGENTINA
Guillaume GrasDia Group Chief Financial Officer
Patricio MorenésGeneral Counsel and Secretary to the Board of Directors
Pilar
HermidaChief Communications & Sustainability Officer
HermidaChief Communications & Sustainability Officer
Antonio SerranoDia Group Corporate Director
Máximo
VentasChief Technology Officer Global
VentasChief Technology Officer Global
